Stock Market Today : July 9th - 13th - Page 6

I hear ya. Been waiting for the markets to finally breakout one way or the other.
Patience is running out. May have to go to black jack tables to get satisfaction .
Lol.

the power of the cover is building..

 

More people need to understand the logic in this.  I'm finally at a point where I will absolutely not force it.  I'll sit and wait as long as I have to.

AAPL really saving the Nasdaq today, looking good here.

Watching cnbc about 20 minutes ago and AAPL got the David Einhorn nod of approval, something along the lines of good value etc.. etc..

 

Been trading non directional option strategies, and just playing the probabilities through this sideways market. Trying to pick a direction foretelling where the market is going has been getting frustrating.

No one said it was easy.... more so if it was everyone would be rich.

The markets have to fool some people.. .

 

really i dont know what you guys are so confused about lol. there is alot of thumbs in the pie right now.

SOH for awhile then save your commissions.

 

ehhh i agree half way with that..  If you can snag a little of that 100 point move you need to be watching it and more likely a person is to mess up;... why try and have your cake and eat it too?  when its safer and more likely to try and ride the rebound as opposed to being on the mountain top. 

 

Also people have predicted major break downs. me included, which inst easy to do but not impossible.

Edited by mjoke - 7/10/12 at 1:00pm

Most of the pro traders I've chatted with are SOH 75% of the time. 

"BS" market conditions are caused by sharks. Usually signal that it's near time to position in for a swing trade.

 

eh figures its some high % like that.. which most of the ones i know are hedged and these small moves are irrelevant.

Why waste money and energy, when you can wait for the right time..

 

People dont need to trade everyday, saves you in the long run.

 

Definitely. When you're still building your experience, it's very hard to not try and try and try...just to see. 

You want to make something happen so bad. It basically took me around 6000 hours to stop doing that lol

long - short - long then closed the position all successful. I am done for today.

 That picture is a little more fitting!

 

As they say, successful trading is boring.

 

I closed out my overnight AAPL calls around the open and haven't even considered taking another trade today.

Rimm just bounced 3% in like 15 minutes after being down 12% in the past 2 days and 80% in the past 2 years haha

lol i still do it.. infact i did it today, when i was more than happy yday..  gave back some nice money...   

i didnt wake up at 930est on the nose i was 5 mins late and set the tone.. i had the price i wanted for 2 mins lol.

This is for you MPR...    best played with sound to hear the divers vomiting..

 

*quote MPR*    BS" market conditions are caused by sharks. Usually signal that it's near time to position in for a swing trade.

 

Trouble is every now and then the sharks do this to you....

 

 

lol. If they can't eat your lunch they'll at least give you a taste of theirs.

 

haha damn...I should rephrase...I haven't done it recently.

No doubt I will get greedy again soon or make some stupid mental mistake 

 

My mental mistakes recently have been not changing the number of cars to take

off. So I'l maybe have two left and I forget to change 4 down to 2 and I hit market

and so then I exit my 2 shorts and then now I'm long 2. That's happened probably

3 times in the past 2 weeks. 

I usually buy puts so once I wanted to go long with calls and bought puts accidentally. The stock started to fall and I put in an order to sell the calls (which I never bought in the first place) and it kept saying I didn't have enough margin. I was like freaking out until I saw my balance was actually going up and realized I had the put! Best mistake ever haha.

Another good one is when The brokers website was down and was calling in my order, put on hold while the market was going against me. I blamed their hold time for losing me money and they reimbursed me with 10 free trades, about equal to the loss. I didn't sell and doubled down instead and made out with gains and the free trades. Sweet!!